Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Current assets:
Cash and cash equivalents (note 4)	$ 6,601	$ 6,952
Accounts receivable, net (note 5)	1,253	1,886
Inventories, net (note 6)	1,566	1,413
Prepaid expenses and other current assets, net (note 7)	226	406
Income tax recoverable		3
Total current assets	9,646	10,660
Goodwill, net
Property, plant and equipment, net (note 8)		401
Operating lease right-of-use assets (note 11)	1,375	2,514
Long-term deposits	202	213
Long-term loan receivable (note 13)	95	95
Investments in equity method investees (note 9)
TOTAL ASSETS	11,318	13,883
Current liabilities:
Accounts payable	935	928
Operating lease liabilities, current (note 11)	588	573
Accrued expenses and other current liabilities (note 10)	1,789	1,991
Income tax payable	480	568
Dividend payable	45	1
Total current liabilities	3,837	4,061
Operating lease liabilities, non-current (note 11)	803	1,482
Deferred income taxes (note 3)		107
Long term accrued expenses (note 10)	40	17
Total liabilities	4,680	5,667
Commitments and contingencies (note 14)
Shareholders’ equity:
Preferred shares, $0.01 par value (Authorized: 20,000 shares; no shares issued and outstanding as of March 31, 2023 and 2024)
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 4,086,825 shares as of March 31, 2023 and 4,401,825 shares as of March 31, 2024 issued and outstanding)	44	41
Additional paid-in capital	12,117	12,003
Accumulated deficit	(5,015)	(3,396)
Accumulated other comprehensive loss	(501)	(444)
Total Highway Holdings shareholder’s equity	6,645	8,204
Non-controlling interests	(7)	12
Total Equity	6,638	8,216
TOTAL LIABILITIES AND EQUITY	$ 11,318	$ 13,883

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer), including liabilities for compensation costs, fringe benefits other than pension and postretirement obligations, rent, contractual rights and obligations, and statutory obligations.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of liabilities incurred to vendors for goods and services received, and accrued liabilities classified as other, payable within one year or the normal operating cycle, if longer.

+ References

No definition available.